Kucurkan Rp500 billion, Independent Gandeng Indomobil Finance

JAKARTA - Bank Mandiri to allocate funds around Rp500 billion to its customers / end users in terms of credit financing partnership with Indomobil Finance Indonesia (Indomobil Finance). This is part of the transaction in the Commercial Banking Bank Mandiri to accelerate the distribution of credit to the community.

Allocation was in line with the signing of the Cooperation Agreement (MCC) Financing Joint ownership of a vehicle between Bank Mandiri to Finance Indomobil Zulkifli Zaini signed by the Director of Commercial Banking of Bank Mandiri, Abdul Rachman Director of Special Asset Management, Bank Mandiri, Jusak Kertowidjojo Indomobil Finance Director and Director Alex Sutisna Indomobil Finance.

It is said Director Commercial Banking Bank Mandiri Zulkifli Zaini, the withdrawal period with the facility of Rp500 billion limit is 18 months from the signing of the MCC and could be extended. The applicable portion of financing is 95% of Bank Mandiri and 5% Indomobil Finance.

"The period of financing customer / end user maximum 36 (thirty six) months from the date of withdrawal of co-operation facilities," Jusak Kertowidjojo, President Director of Indomobil Finance.

Indomobil Finance is a company incorporated in the Indomobil Group. Indomobil Group is the Sole Agent Brand Holder (ATPM) and also as a distributor of 10 (ten) brand four-wheel drive is Audi, Hino, Mazda, Nissan, Renault, Suzuki, Ssangyong, Volkwagen, Volvo and Chery, with a range of products including wheeled vehicles two, four wheels, trade, trucks, buses, heavy equipment and public transport vehicles. Including motorcycles ATPM Suzuki brand.

Although in the first semester of 2009 this had been a decline in business, but we remain optimistic in the second semester 2009 to 2010 the automotive business will improve in line with the increased purchasing power that will encourage domestic business development opportunities, including motorcycle and automobile financing.
"We are optimistic that this cooperation will work well and will provide benefits to both parties, because the network is supported by extensive marketing of Indomobil Finance, in addition to long experience in financing business that was already proven that Indomobil Finance to maintain good portfolio quality," said Zulkifli Zaini.

In addition to cooperation with credit financing, the two companies also signed a Cooperation Cash Management - Independent Open Payment of Bank Mandiri to Finance Indomobil of Bank Mandiri, the use of channels for the installment payment Indomobil Finance end users.

"We believe Network Bank Mandiri, which can be extensive added value for Indomobil Finance in terms of the installment payment collection so that end users can better optimize Indomobil cash flow," said Zulkifli Zaini.

He explained, customers can take advantage of electronic networks including ATM Mandiri Bank Mandiri, Mandiri Internet Banking and SMS Banking Mandiri to deposit the installment payments.

Indomobil Finance currently has a network of 73 branches and 114 outlets across Indonesia and is fully supported by the dealer Indomobil. IFI marketing territory covers Greater Jakarta, Sumatra, Kalimantan, Sulawesi, Bali and Nusa Tenggara